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Iran dismisses news on exact amount of frozen assets released by US as part of nuclear deal

Iran Materials 27 November 2013 17:31 (UTC +04:00)
Spokesman of Iran's administration, Mohammad-Baqer Nobakht has dismissed earlier media reports which quoted him as saying that $8 billion of Iran's assets released by the US.
Iran dismisses news on exact amount of frozen assets released by US as part of nuclear deal

Baku, Azerbaijan, Nov. 27

By Umid Niayesh- Trend: Spokesman of Iran's administration, Mohammad-Baqer Nobakht has dismissed earlier media reports which quoted him as saying that $8 billion of Iran's assets released by the US, Mehr news agency reported on Nov. 27.

Nobakht said that the amount of assets which will return to Iran is higher than $8 billion.

He did not unveil an exact amount of assets which will be available due to Geneva agreement.

Nobakht said the exact figure will become available after necessary discussions on this particular point that is listed in the official Geneva agreement.

On Nov. 25, media outlets quoted Nobakht as saying some $8 billion of Iran's frozen assets were released by the United states.

Iran and six world powers reached a breakthrough deal early on Sunday on Tehran's nuclear program. The two sides have signed a joint "plan of action". The deal signed in Geneva suggests some softening on sanctions against Iran.

There is no concrete figure about the amount of Iran's frozen assets abroad. Iran's former Deputy Commerce Minister for Economic Affairs, Hamid Safdel said in February that $100 billion worth of Iran's assets have been blocked overseas.

Head of the Majlis Research Centre (MRC) Kazem Jalali said on August 2 that some $60 billion worth of Iranian assets were blocked by foreign banks.

In turn, AP reported on Oct. 18 that Iran's assets are estimated to be between $50 billion to $75 billion.

The U.S. and its Western allies suspect Iran of developing a nuclear weapon - something that Iran denies. The Islamic Republic has on numerous occasions stated that it does not seek to develop nuclear weapons, using nuclear energy for medical researches instead.

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